Information on the 50 States and the District of columbia

Click to select any of the states in the list below and scroll down to see state requirements.

 

Incorporating in Arkansas

Corporate Name Requirements

* The name must contain word “corporation,” “incorporated,”
“company,” or limited” or an abbreviation; may not contain
language stating or implying that the corporation is organized for
other purposes; must be distinguishable from names in use by
certain other enumerated entities.

Articles of Incorporation Requirements

Director Information

  • Minimum Number – Not less than three, unless there is only one or two shareholders of record; then the number of directors may be less than three but not less than number of shareholders.
  • Residence Requirements. – No provision.
  • Age Requirements – None.
  • Directors are not required to be listed in the articles of incorporation.

Officer Information

  • The officers are not required to be listed in the articles of incorporation.

Stock Information

  • An increase in shares or par value does not effect initial fees.

Yearly Requirements

Annual Statements

  • The annual statement, call the Franchise Tax Report is due by June 1.
  • The amount is 0.27% of the proportion of its capital stock multiplied by ratio of corporation’s property in Arkansas to its total property. Minimum tax, $50; maximum $1,075,000. Corporations without authorized capital stock, pay $100. No par shares are valued at $25 each.

Income Tax Rate

Taxable income is apportioned according to a three-factor formula (property, payrolls and sales attributed to Arkansas) with a double-weighted sales factor.

Taxable Income Tax Rate Taxable Income Tax Rate
First $3,000 1% Next $14,000 5%
Next $3,000 2% Next $75,000 6%
Next $5,000 3% Over $100,000 6.5%

For more information on taxes, visit Arkansas EDC

 

C-Corporation

  • Shareholders have limited liability protection
  • May be listed and traded as a publiccorporation on the stock market or “over the counter”
  • Has a separate and independent tax status from its owners

S Corporation

  • Profits are not subject to “double taxation”
  • Corporate losses may be “passed through” to share holders
  • Shareholders are afforded the same protection as C Corp.

LLC formation

  • Contains characteristics of both corporation and partnership
  • Shareholders may take advantage of “Pass-Through” taxation
  • Limited liability for share holders

Not for profit corp

  • Eligible for tax-exempt status
  • Limited Liability protection
  • Qualify for public and private gains